# The Investment Bank Special Administration (Scotland) Rules 2011, Rule 190: Administrator’s caution


(1) Wherever under these Rules any person has to appoint an administrator, that person must be satisfied before making the appointment that the person appointed or to be appointed has caution for the proper performance of the functions of that office.
(2) It is the duty of the creditors’ committee to review from time to time the adequacy of the administrator’s caution.
(3) The cost of the administrator’s caution shall be paid as an expense of the proceedings.

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Source: https://www.legislation.gov.uk/uksi/2011/2262/rule/190 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-190
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.